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Analyst Says Benioff Not Going Anywhere Soon As Salesforce Appoints Co-CEO

Analyst Says Benioff Not Going Anywhere Soon As Salesforce Appoints Co-CEO

Last night, Salesforce (CRM) appointed Keith Block as its co-chief executive officer, joining Marc Benioff, who will remain the Chairman of the board. Commenting on the news, Jefferies analyst John DiFucci told investors he does not believe Benioff is going anywhere soon, but the company is well positioned if he decided to do so. CO-CEOS: […]
Tesla Is Going Private – A Message To Shorts

Tesla Is Going Private – A Message To Shorts

Elon Musk has hinted at a $420/share go-private offer for Tesla, which would mark the end of an era for Tesla stock. We show how short arguments have evolved since 2013 from the lack of appeal of electric vehicles, to the structurally-unprofitable nature of the business model and potential demand weakness owed to impending competition […]
Very Loud Globally Synchronized Rhymes

Very Loud Globally Synchronized Rhymes

Globally synchronized growth has taken a beating so far in 2018. As a narrative, one factor after another has turned against it. Europe was booming and was even going to be in a leadership position in the global economy. Now? Not so much. The dollar would continue to fall just as it did in the years […]
July 2018 CBO Monthly Budget Review: Revenues Up 1%, Outlays Up 4%

July 2018 CBO Monthly Budget Review: Revenues Up 1%, Outlays Up 4%

from the Congressional Budget Office The federal budget deficit was $682 billion for the first 10 months of fiscal year 2018, CBO estimates, $116 billion more than the shortfall recorded during the same period last year. Revenues and outlays were 1 percent and 4 percent higher, respectively, than in the same period in fiscal year […]
Stocks Less Than 1% Away From Record High As Greed Increases

Stocks Less Than 1% Away From Record High As Greed Increases

The Greed Is Palpable The S&P 500 was up 0.28% and the VIX was down 3.02% to 10.93 on Tuesday. The S&P 500 and Wilshire 5000 are less than 1% away from their record highs. Just as the market is getting close to its record high, it is also showing signs of excessive greed. As […]
6 Tech Stocks Poised To Smash Estimates This Earnings Season

6 Tech Stocks Poised To Smash Estimates This Earnings Season

The earnings season is drawing to a close with 381 S&P 500 members or 82.7% of the index’s total market capitalization having reported quarterly results, per the latest Earnings Outlook. Total earnings of these companies are up 25% on a year-over-year basis on 10.4% higher revenues. Technology is one of the 14 sectors anticipated to report […]
Billion Dollar Unicorns: BlackLine Looks At International Markets

Billion Dollar Unicorns: BlackLine Looks At International Markets

According to a recent report, the global accounting software market is estimated to grow 8.6% to be worth $11.8 billion by 2026, North America being the largest contributor to this growth in terms of revenue. The growth in the developed markets is expected to be driven by the adoption of mobile devices and movement to the […]
Gold’s Kill Zone

Gold’s Kill Zone

There is nothing bullish happening on the gold and silver charts. Nothing bullish on the miner Index/ETF charts. Nothing bullish on the HUI/Gold ratio. In other words, when it comes to a segment as volatile and sentiment-dependent as the precious metals, we are in the kill zone. That can be read a couple of different […]
Downside GBP/USD Targets Remain On Radar Ahead Of Adjusted U.K. GDP

Downside GBP/USD Targets Remain On Radar Ahead Of Adjusted U.K. GDP

BRITISH POUND TALKING POINTS The British Pound remains under pressure as Bank of England (BoE) officials strike a cautious tone after raising the benchmark interest rate earlier this month, and recent developments in GBP/USD keeps the downside targets on the radar as the bearish momentum appears to be picking up. DOWNSIDE GBP/USD TARGETS REMAIN ON RADAR AHEAD […]
WTI Drops Back Below $68 After Big Gasoline Build, Small Crude Draw

WTI Drops Back Below $68 After Big Gasoline Build, Small Crude Draw

WTI has tumbled this morning (back below $68) as Bloomberg Intelligence Senior Energy Analyst Vince Piazza notes that optimism for crude oil has softened from previous highs this summer. Elevated U.S. production, concerns about tariffs slowing global economic growth and rising world oil output have weakened sentiment. Renewed U.S. sanctions on Iran partially offset the bearishness. API […]